This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $65,250 initial cash invested.
-4.43%
Cash On Cash
5.81%
Cap Rate
0.87
DSCR
$1,779
Rent
-$241
Cashflow
Cash Flow
$1,779 income − $2,020 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,779
Total Expenses
$2,020
Mortgage P&I
71%
$1,260
Property Taxes
4%
$77
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$213
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$196